Watch List February 24th

Good Morning,

Yesterday the market saw a pretty sharp gap down that eventually found support and we finished the day with a nice hammer type candle that closed above the daily sma20. We are not quite out of the woods yet on this pullback, but we saw some encouraging signs yesterday after the market was under a lot of pressure early. This morning we are pointing to a gap up open for all of the major indices and a moderate gap down in the VIX. Overall this remains nothing more than a pullback in an intermediate term uptrend until price action proves otherwise. Here are some names that I will be watching today:


KIRK from yesterday's watch list remains interesting and I like an entry right around the daily sma20 at 26.30


DBD showed a lot of relative strength on volume yesterday and has a nice TTM Squeeze on the daily. I like this on a pullback to the 14.50 area for a push up to $16 or higher


IGT has a very nice TTM Squeeze on the daily and held its sma20 on a pullback from the recent highs while reclaiming vwap anchored to those highs. I like that anchored vwap level around 17.75 for an entry for a push up to the $20 area

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